Members of the House of Lords will see their daily pay increase in April – meaning if they attend 150 sitting days of the year, they could pocket nearly £50,000 tax-free after awarding themselves an increase of over 3% meaning they will take home £323 a day tax free. This means that if they attend 150 sitting days of the year, they could pocket nearly £50,000 tax free.
The increase, revealed in the Daily Mail, comes after Peers voted to link their allowances to MPs pay.
And in turn, MPs’ pay is pegged to changes in average weekly earnings in the public sector.
MPs are set to get a boost of £2,000 in April, taking their salaries to nearly £82,000. But while MPs will pay the higher rate of tax on their earnings, peers will not.
Boris Johnson has published plans that could see the House of Lords moved up North to a location such as York in order to get peers out of the London bubble.
The current plans would see the 800 members of the House Of Lords move to the Queen Elizabeth II Centre in London – but the reported plans would be substantially more radical.
Unity News Network (UNN) Staff Writer | To find out more details about our staff, please head to the About Us section on our website.
